Tullahoma USDA Loan Rates, Closing Costs & Stats

Tullahoma-Manchester, TN

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Tullahoma's 24 lenders originated 71 USDA loans during 2023. The total origination value was $17,015,000, with an average USDA loan value of $239,648.

    Tullahoma USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Tullahoma averaged 6.29% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Tullahoma's average USDA mortgage closing costs are $5,278.

    The average rate for the prior week (2025-02-07) was 6.15% and one month ago for the week of 2025-01-10, the average rate was 6.59%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.34%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Tullahoma USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tullahoma level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    First Vision Bank of Tennessee 14 6.28% $8,565
    FIRST COMMUNITY MORTGAGE, INC. 9 6.63% $8,927
    CMG MORTGAGE, INC. 6 5.96% $8,764
    UNITED WHOLESALE MORTGAGE, LLC 4 6.36% $9,894
    The First National Bank of Middle Tennessee 4 6.00% $7,037
    BROKER SOLUTIONS, INC. 3 5.87% $9,257
    FirstBank 3 6.29% $8,590
    Citizens Tri-County Bank 3 5.96% $7,189
    SeaTrust Mortgage Company 3 6.13% $7,934
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.29% $8,083
    ISERVE RESIDENTIAL LENDING, LLC 2 6.00% $8,205
    CHURCHILL MORTGAGE CORPORATION 2 6.62% $8,258
    Wilson Bank And Trust 1 8.00% $6,276
    CARDINAL FINANCIAL 1 5.13% $9,023
    CROSSCOUNTRY MORTGAGE, LLC 1 6.19% $10,575
    First Horizon Bank 1 5.75% $4,983
    GUARANTEED RATE, INC. 1 6.13% $8,522
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.25% $11,753
    MORTGAGE INVESTORS GROUP, INC. 1 6.00% $6,369
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $7,142
    Renasant Bank 1 6.63% $4,992
    STOCKTON MORTGAGE CORPORATION 1 7.00% $6,219
    SWBC MORTGAGE CORPORATION 1 6.75% $4,613
    UNION HOME MORTGAGE CORP. 1 6.13% $3,000

    The top Tullahoma USDA lender as defined by loan originations is First Vision Bank of Tennessee, with 14 USDA loans originated. Their average total fees are $8,565, which is $362 lower than the next largest lender, FIRST COMMUNITY MORTGAGE, INC..

    The lowest fee Tullahoma USDA lenders (with over 10 loans originated) are First Vision Bank of Tennessee ($8,565), .

    The lowest rate Tullahoma USDA lenders (with over 10 loans originated) are First Vision Bank of Tennessee (6.28%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $238,675 (9.6%) $324,192 (20.3%) 0.00 162
    2018-02-01 $257,050 (25.5%) $336,866 (22.2%) 0.00 161
    2018-03-01 $269,900 (28.5%) $346,801 (24.8%) 0.00 163
    2018-04-01 $252,175 (17.4%) $348,021 (22.4%) 0.00 168
    2018-05-01 $269,175 (4.6%) $350,377 (6.9%) 0.00 173
    2018-06-01 $249,900 (3.8%) $333,392 (2.6%) 0.00 190
    2018-07-01 $249,900 (-9.4%) $327,011 (-8.1%) 0.00 192
    2018-08-01 $239,900 (-12.3%) $313,549 (-11.3%) 0.00 189
    2018-09-01 $230,400 (-5.8%) $305,067 (-9.6%) 0.00 199
    2018-10-01 $245,297 (2.0%) $315,374 (-6.7%) 0.00 201
    2018-11-01 $242,027 (5.9%) $305,333 (-4.7%) 0.00 203
    2018-12-01 $239,900 (4.4%) $299,391 (-7.8%) 0.00 206
    2019-01-01 $240,963 (1.0%) $300,604 (-7.3%) 0.00 198
    2019-02-01 $251,651 (-2.1%) $312,762 (-7.2%) 0.00 193
    2019-03-01 $262,347 (-2.8%) $321,727 (-7.2%) 0.00 177
    2019-04-01 $268,956 (6.7%) $328,633 (-5.6%) 0.00 157
    2019-05-01 $274,998 (2.2%) $333,880 (-4.7%) 0.00 156
    2019-06-01 $272,250 (8.9%) $327,539 (-1.8%) 0.00 156
    2019-07-01 $273,025 (9.3%) $330,650 (1.1%) 0.00 152
    2019-08-01 $262,627 (9.5%) $321,054 (2.4%) 0.00 168
    2019-09-01 $249,843 (8.4%) $311,059 (2.0%) 0.00 184
    2019-10-01 $239,900 (-2.2%) $303,649 (-3.7%) 0.00 196
    2019-11-01 $237,500 (-1.9%) $301,060 (-1.4%) 0.00 180
    2019-12-01 $230,175 (-4.1%) $296,483 (-1.0%) 0.00 174
    2020-01-01 $235,450 (-2.3%) $306,425 (1.9%) 0.00 161
    2020-02-01 $240,000 (-4.6%) $309,713 (-1.0%) 0.00 154
    2020-03-01 $259,900 (-0.9%) $343,164 (6.7%) 0.00 138
    2020-04-01 $248,825 (-7.5%) $320,920 (-2.4%) 0.00 141
    2020-05-01 $268,900 (-2.2%) $342,589 (2.6%) 0.00 129
    2020-06-01 $297,275 (9.2%) $362,828 (10.8%) 0.00 104
    2020-07-01 $296,400 (8.6%) $351,631 (6.4%) 0.00 102
    2020-08-01 $320,000 (21.9%) $386,000 (20.2%) 0.00 92
    2020-09-01 $305,700 (22.4%) $353,579 (13.7%) 0.00 75
    2020-10-01 $304,900 (27.1%) $340,135 (12.0%) 0.00 62
    2020-11-01 $302,175 (27.2%) $384,098 (27.6%) 0.00 57
    2020-12-01 $274,950 (19.5%) $367,586 (24.0%) 0.00 57
    2021-01-01 $254,000 (7.9%) $316,214 (3.2%) 0.00 66
    2021-02-01 $269,900 (12.5%) $319,007 (3.0%) 0.00 63
    2021-03-01 $293,150 (12.8%) $369,726 (7.7%) 0.00 52
    2021-04-01 $322,400 (29.6%) $367,823 (14.6%) 0.00 48
    2021-05-01 $419,450 (56.0%) $416,692 (21.6%) 0.00 65
    2021-06-01 $393,450 (32.4%) $446,331 (23.0%) 0.00 64
    2021-07-01 $339,900 (14.7%) $442,515 (25.9%) 0.00 77
    2021-08-01 $357,400 (11.7%) $462,353 (19.8%) 0.00 77
    2021-09-01 $374,950 (22.7%) $480,070 (35.8%) 0.00 87
    2021-10-01 $379,900 (24.6%) $507,835 (49.3%) 0.00 98
    2021-11-01 $371,150 (22.8%) $496,814 (29.4%) 0.00 98
    2021-12-01 $361,175 (31.4%) $534,580 (45.4%) 0.00 80
    2022-01-01 $359,900 (41.7%) $572,007 (80.9%) 0.00 66
    2022-02-01 $369,950 (37.1%) $580,501 (82.0%) 0.00 63
    2022-03-01 $381,200 (30.0%) $587,237 (58.8%) 0.00 67
    2022-04-01 $379,700 (17.8%) $541,965 (47.3%) 0.00 86
    2022-05-01 $366,925 (-12.5%) $554,873 (33.2%) 0.00 100
    2022-06-01 $401,450 (2.0%) $574,880 (28.8%) 0.00 128
    2022-07-01 $399,900 (17.7%) $586,232 (32.5%) 0.00 153
    2022-08-01 $415,225 (16.2%) $578,017 (25.0%) 0.00 162
    2022-09-01 $407,450 (8.7%) $562,813 (17.2%) 0.00 159
    2022-10-01 $389,900 (2.6%) $506,772 (-0.2%) 0.00 201
    2022-11-01 $372,450 (0.4%) $481,406 (-3.1%) 0.00 209
    2022-12-01 $375,000 (3.8%) $481,285 (-10.0%) 0.00 195
    2023-01-01 $359,900 (0.0%) $473,986 (-17.1%) 0.00 199
    2023-02-01 $360,558 (-2.5%) $468,934 (-19.2%) 0.00 180
    2023-03-01 $357,500 (-6.2%) $471,831 (-19.7%) 0.00 173
    2023-04-01 $414,900 (9.3%) $519,419 (-4.2%) 0.00 154
    2023-05-01 $419,450 (14.3%) $523,097 (-5.7%) 0.00 157
    2023-06-01 $406,925 (1.4%) $516,057 (-10.2%) 0.00 157
    2023-07-01 $429,000 (7.3%) $504,241 (-14.0%) 0.00 152
    2023-08-01 $404,950 (-2.5%) $481,349 (-16.7%) 0.00 166
    2023-09-01 $399,900 (-1.9%) $480,408 (-14.6%) 0.00 184
    2023-10-01 $404,450 (3.7%) $479,487 (-5.4%) 0.00 187
    2023-11-01 $399,900 (7.4%) $487,818 (1.3%) 0.00 200
    2023-12-01 $385,000 (2.7%) $469,279 (-2.5%) 0.00 208
    2024-01-01 $382,900 (6.4%) $464,435 (-2.0%) 0.00 182
    2024-02-01 $398,500 (10.5%) $478,534 (2.1%) 0.00 170
    2024-03-01 $407,450 (14.0%) $493,555 (4.6%) 0.00 172
    2024-04-01 $416,175 (0.3%) $534,196 (2.8%) 0.00 168
    2024-05-01 $415,700 (-0.9%) $552,165 (5.6%) 0.00 187
    2024-06-01 $419,900 (3.2%) $533,491 (3.4%) 0.00 217
    2024-07-01 $404,900 (-5.6%) $512,181 (1.6%) 0.00 227
    2024-08-01 $379,900 (-6.2%) $486,924 (1.2%) 0.00 238
    2024-09-01 $379,900 (-5.0%) $473,045 (-1.5%) 0.00 272
    2024-10-01 $381,975 (-5.6%) $479,322 (0.0%) 0.00 285
    2024-11-01 $369,900 (-7.5%) $470,964 (-3.5%) 0.00 310
    2024-12-01 $366,000 (-4.9%) $449,766 (-4.2%) 0.00 275
    2025-01-01 $359,950 (-6.0%) $443,623 (-4.5%) 0.00 272
    Tullahoma's median listing price for 2025-01-01 was $359,950, a difference of $-22,950 (-6.0%) versus the prior year and $-6,050 versus the prior month.

    Tullahoma's median listing price comes in at 0% of the national average.

    Tullahoma's average listing price for 2025-01-01 was $443,623, a difference of $-20,812 (-4.5%) versus the prior year and $-6,143 versus the prior month.

    For the 2025-01-01 period, Tullahoma had 272 MLS listings, a difference of -3 listings (-1%) versus the prior month and 90 listings (49%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,191 sqft
    2018-02-01 0 days 2,302 sqft
    2018-03-01 0 days 2,300 sqft
    2018-04-01 0 days 2,256 sqft
    2018-05-01 0 days 2,324 sqft
    2018-06-01 0 days 2,300 sqft
    2018-07-01 0 days 2,313 sqft
    2018-08-01 0 days 2,112 sqft
    2018-09-01 0 days 2,050 sqft
    2018-10-01 0 days 2,124 sqft
    2018-11-01 0 days 2,117 sqft
    2018-12-01 0 days 2,010 sqft
    2019-01-01 0 days 2,006 sqft
    2019-02-01 0 days 2,101 sqft
    2019-03-01 0 days 2,155 sqft
    2019-04-01 0 days 2,210 sqft
    2019-05-01 0 days 2,284 sqft
    2019-06-01 0 days 2,260 sqft
    2019-07-01 0 days 2,236 sqft
    2019-08-01 0 days 2,192 sqft
    2019-09-01 0 days 2,086 sqft
    2019-10-01 0 days 2,006 sqft
    2019-11-01 0 days 1,999 sqft
    2019-12-01 0 days 1,891 sqft
    2020-01-01 0 days 1,942 sqft
    2020-02-01 0 days 1,949 sqft
    2020-03-01 0 days 2,151 sqft
    2020-04-01 0 days 2,042 sqft
    2020-05-01 0 days 2,113 sqft
    2020-06-01 0 days 2,157 sqft
    2020-07-01 0 days 2,131 sqft
    2020-08-01 0 days 2,128 sqft
    2020-09-01 0 days 2,062 sqft
    2020-10-01 0 days 2,060 sqft
    2020-11-01 0 days 2,035 sqft
    2020-12-01 0 days 2,039 sqft
    2021-01-01 0 days 1,800 sqft
    2021-02-01 0 days 1,770 sqft
    2021-03-01 0 days 2,034 sqft
    2021-04-01 0 days 1,828 sqft
    2021-05-01 0 days 1,911 sqft
    2021-06-01 0 days 1,987 sqft
    2021-07-01 0 days 1,850 sqft
    2021-08-01 0 days 1,890 sqft
    2021-09-01 0 days 2,078 sqft
    2021-10-01 0 days 2,188 sqft
    2021-11-01 0 days 2,033 sqft
    2021-12-01 0 days 2,000 sqft
    2022-01-01 0 days 1,964 sqft
    2022-02-01 0 days 2,020 sqft
    2022-03-01 0 days 2,029 sqft
    2022-04-01 0 days 1,979 sqft
    2022-05-01 0 days 1,952 sqft
    2022-06-01 0 days 2,146 sqft
    2022-07-01 0 days 2,124 sqft
    2022-08-01 0 days 2,094 sqft
    2022-09-01 0 days 2,108 sqft
    2022-10-01 0 days 2,019 sqft
    2022-11-01 0 days 2,003 sqft
    2022-12-01 0 days 2,001 sqft
    2023-01-01 0 days 1,973 sqft
    2023-02-01 0 days 1,952 sqft
    2023-03-01 0 days 1,920 sqft
    2023-04-01 0 days 2,060 sqft
    2023-05-01 0 days 2,100 sqft
    2023-06-01 0 days 2,061 sqft
    2023-07-01 0 days 2,070 sqft
    2023-08-01 0 days 2,047 sqft
    2023-09-01 0 days 2,086 sqft
    2023-10-01 0 days 2,072 sqft
    2023-11-01 0 days 2,028 sqft
    2023-12-01 0 days 2,006 sqft
    2024-01-01 0 days 1,971 sqft
    2024-02-01 0 days 1,965 sqft
    2024-03-01 0 days 2,046 sqft
    2024-04-01 0 days 2,047 sqft
    2024-05-01 0 days 2,015 sqft
    2024-06-01 0 days 1,995 sqft
    2024-07-01 0 days 1,945 sqft
    2024-08-01 0 days 1,904 sqft
    2024-09-01 0 days 1,905 sqft
    2024-10-01 0 days 1,907 sqft
    2024-11-01 0 days 1,838 sqft
    2024-12-01 0 days 1,825 sqft
    2025-01-01 0 days 1,826 sqft
    Tullahoma's median listing age (time on market) for 2025-01-01 was 0 days.

    Tullahoma's median square footage for active listings during the 2025-01-01 period was 1,826 sqft. One year prior, the average listing was 1,971 sqft.